Their pitiful efforts are attempting to mask the gaping wound of global economic collapse; and thus, whether they can will the "Dow Jones Propaganda Average" to reverse to the upside in time for next month's elections is a 50/50 shot at best. Irrespective, few people could care less, as retail participation in the equity market has plunged to record low levels, care of 15 years of stagflation and two epic market collapses.

Global financial markets are in FREEFALL, irrespective of what the world's best funded most technologically sophisticated market manipulation organizations – i.e., the U.S. President's Working Group on Financial Markets, Federal Reserve and Exchange Stabilization Fund – are doing. Sovereign yields are collapsing, led by the 16-month low 2.25% yield on the benchmark 10-year U.S. Treasury bond exposing the "most damning proof yet of QE failure." Even the "New Hail Mary Trade" – of the Fed goosing Treasury yields early in New York trading hours and again at day's end is failing miserably against a veritable tsunami of demand.